Posts Tagged ‘Protoshare’

The last 24 hours we tested mining Protoshares at the 1GH PTS mining pool using their GPU miner along with a single AMD R9 Radeon 280X graphics card to see what we can expect in terms of mined PTS and check the profitability if PTS mining with GPU versus LTC mining with GPU. With the difficulty of the Litecoin going back higher and the increase of the price of the Protoshares lately with the boom of GPU mining it is interesting to see what is more profitable to mine with your graphics cards.

The current Litecoin difficulty of 3300 ensures that with a single graphics card such as the Radeon 280X that we’ve used you are going to be mining about 0.2195 LTC per day. That is the earnings if you are directly mining LTC and not mining alternative cryptos that you then trade for LTC giving you higher profit.

So while there is not much point in mining Protoshares (PTS) with CPU anymore, there is a good point in mining for Protoshares instead of directly mining for Litecoin as this will give you slightly higher profitability if you exchange the mined PTS for LTC. Judging from our results you cans ay that at the moment GPU mining Protoshares you can earn about 34% more than mining with the same graphics hardware for Litecoins. So if you are interested in PTS mining, we do recommend you to give it a try at the 1GH PTS pool with a single GPU to see if you are going to be happy with the result you will get.

Here is our real world 24 hour test with mining Protoshare (PTS) with CPU only in order to get an idea what profitability you can expect with the current market price for PTS. We’ve used two CPUs – one AMD and one Intel on systems that already mine Scrypt coins with video cards the idea to not waste the CPU performance we have available since Scrypt mining with GPUs does not require a lot of processor power.

The total earnings for 24 hour period (confirmed + unconfirmed):
– 0.10423418 PTS

The value of the Protoshares mined for 24 hours is as follows:
– 0.00138917 BTC
– ~$1.10 USD

The end result is quite interesting as the profitability we got in USD is pretty much the same as the one we’ve managed to get in our Primecoin (XPM) mining test for 24 hours with the same CPU hardware. A bit over a dollar a day pretty much covers the extra increase in power usage, so the real profit minus the expenses is minimal. But there seems to be GPU miners already available for PTS, so the next thing is to try out these and see if it is worth to mine PTS on the GPU or there is no point since scrypt mining on the GPU will be more profitable.

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